On February 12th, the MTBE external market closed down: the closing price of the Asian MTBE market decreased by 6.04 US dollars/ton compared to the previous trading day, and FOB Singapore closed at 670.32-672.32 US dollars/ton. The closing price of the European MTBE market decreased by $20/ton compared to the previous trading day, and FOB ARA closed at $762.24-762.74/ton. The closing price of the MTBE market in the United States decreased by $22.31/ton compared to the previous trading day, and the FOB Gulf offshore price closed at $706.87-707.22/ton (199.59-199.69 cents/gallon).

This indicates that there is an oversupply or weak demand in the market, which poses strong bearish pressure on spot prices.

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